A SHAREHOLDERS’ agreement is a private contract between the shareholders of a company that can only be amended unanimously. Along with the company’s Articles of Association, it regulates the relationship between the shareholders and sets out their respective rights and obligations.
The ideal time for a company to put in place a shareholders’ agreement is when everyone involved is enthusiastic about their new venture. A solicitor with experience in this area will be able to explain what could go wrong and assist you in putting in place an agreement that anticipates potential problems.
One of our partners, Alan Bissett, explains in the Irish News Business pages: